Budget 2024

Tax and spend fiscal plan will inhibit growth

Robert Asselin believes that favouring firms that have a significant impact on the economy can be far more beneficial in advancing Canadian innovation. He shares his perspective in an article by The Hill Times about a potential revision of the application process and eligibility requirements to the Scientific Research and Experimental Development (SR&ED) program.  

“We need to be more focused on people who actually do R&D. That means giving, in my view, preferential rates to larger firms, that are focused on what I call, advanced industries,” 

Robert Asselin, Senior Vice President, Business Council of Canada